Before introducing Bystack, let’s briefly introduce Bytom. Bytom is one of the three major domestic public chains, referred to as Bytom, which is composed of the abbreviation of Byte + Atom.

Byte means the digital world; Atom means the physical world; Bytom means the bridge between the digital world and the atomic world.

The atomic world is not the atomic world written in science fiction novels. Here we can understand it as atomic assets, that is, financial derivatives such as warrants, equity, dividends, bonds, intelligence information, forecast information, and stocks that correspond to the traditional physical world.

The biggest feature of Bytom is that it is a dedicated blockchain platform focusing on the asset field and has its own unique business model.

Simply put, the purpose of Bytom is to connect the bit world and the atomic world, and build a decentralized network for the registration and circulation of diversified assets.

To sum it up in one sentence, it is: It is a multi-asset interactive protocol used to connect the digital world and the atomic world, and link online and offline.

Bystack is the BUTXO model BaaS platform with one main chain and multiple side chains pioneered by the Bytom team. It is also Bytom’s biggest strategy this year and its flagship product in the next 20 years.

Chang Chai (founder of Bytom) once said: Bystack is Bytom’s business solution.

Bytom is equivalent to a bare engine. Bystack is a car.

Bystack is not a side chain, but a BaaS platform that integrates main and side chains. It is Bytom+Vapor+other components.

1. Bystack’s technical architecture Bystack is a general blockchain application stack platform that inherits and implements the three-layer blockchain architecture, which consists of Bytom main chain, Vapor side chain, Blockcenter middle platform, and Bycoin, Byone, Bystore, etc.

Input components.

Relying on the Bytom public blockchain technology platform and Vapor side chain technology, and using Federation as the interactive protocol between the main chain and the side chain, it provides a channel for value transmission and lays a solid foundation for upper-layer applications.

Blockcenter, as the core system of the entire blockchain enterprise-level service platform, on the one hand expands the capabilities of the underlying main and side chains, on the other hand abstracts the underlying blockchain technology and provides a typical application development framework, while also providing maintenance, monitoring and upgrades

necessary abilities.

2. Bystack node election Bystack side chain node election includes four roles: side chain initiator, relay node, identity node and voting principal.

Side chain initiator: It is the first side chain on the Bytom chain initiated by the Bytom Foundation; Relay node: It is designated by the side chain initiator, mainly to protect the security of assets on the side chain, and the technical threshold is relatively high

, there is no open election this time; ID node: It is divided into formal ID node and alternative ID node. The formal ID node is responsible for producing blocks; the formal ID node exits and is ready for backup.

In the election of consciousness nodes, the consciousness nodes are promoted according to the number of votes received; Voting principal: Anyone holding any amount of BTM (token holders) is a voting principal and can participate in the election of Bystack consciousness nodes by voting.

, and receive dividend rewards.

This time Bystack will recruit 10 formal knowledge nodes and 32 alternative knowledge nodes. The annual mortgage income of the formal nodes is expected to be 10%-60%.

In the first year of node operation, the Bytom Foundation will use 10 million BTM as block rewards for official nodes (reward ratio is 60.98%) and alternative nodes (reward ratio is 39.02%).

The threshold for this node election is 1 million BTM coins. If you don’t have 1 million BTM coins, there are two ways to participate: one is to get a few friends to collect 1 million BTM, and then participate in the node election; the other is to hold your current

The BTM held will vote for the promising nodes and then receive dividends. The dividend rewards are set by the nodes themselves.

Voting will open on July 5, and Bytom will provide an APP to facilitate the participation of voting delegates. The voting rules are one vote, one vote. After voting, BTM will be locked. It will take 20 days to unlock. After unlocking, you can continue voting.